Market Rate means the rate as prevailing in the market and recommended by the Architect and as approved by the Employer on the basis of cost of materials, labour, plant etc inclusive of any tax, duty, octroi etc. at the time of execution of work.
Market Rate means the rate as decided by the Engineer / Employer on the basis of cost of materials at site inclusive of any tax, duty, octroi etc. at the time of execution of work.
Market Rate or "Market" shall mean the annual minimum rent established by Landlord to reflect Landlord's estimate of the annual minimum rent which could reasonably be expected from a third party if the Demised Premises were released for the Option Period; however, the annual minimum rent so established shall not exceed the annual minimum rent then generally being quoted by Landlord to prospective tenants for comparable tenant space in the Building, and if no comparable tenant space is then being leased in the Building, the annual minimum rent so established shall not exceed the annual minimum rent then being quoted by landlords for new tenants for comparable tenant space in first-class, high-rise office buildings in the vicinity of the Building(in each case as adjusted to allow for a Base Amount and Tax Base Amount equivalent to that specified in Schedule D. For purposes of the foregoing definition, all references as to the quotation of annual minimum rent shall mean the rent quoted for a term comparable to the Option Period to the fullest extent possible. In the event, Tenant exercises its option to extend the term of this Lease pursuant to this Section 4.07, at the request of Tenant, Landlord, at its sole cost, shall cause the Demised Premises to be recarpeted and painted and new wallcoverings to be installed with all such reupfittings to be of the substantially same standard and quality as the original upfitting of the Demised Premises pursuant to Exhibit C attached hereto. In written request of Tenant, Landlord-shall advise Tenant as to the Annual Minimum Rent which will be applicable for each Option Period; however, Landlord shall-not be obligated to provide a written quotation to Tenant regarding any Option Period sooner than one year prior to the expiration of the then current term of this Lease.
Examples of Market Rate in a sentence
With respect to a Swingline Advance, a rate per annum equal at all times to either (x) the Base Rate in effect from time to time plus the Applicable Rate in effect from time to time or (y) the Money Market Rate in effect from time to time, payable in accordance with the terms of Section 2.06(c).
More Definitions of Market Rate
Market Rate means the rate as decided by the Employer on the recommendations of Bank’s Representative based on the cost of materials and labour at the site where the work is to be executed plus the percentage mentioned elsewhere to cover, all overheads and profits.
Market Rate means the rate as decided by the Architect/ Engineer / Employer, on the basis of cost of materials inclusive of any taxes, duty, octroi or such statutes in force at the time of work & cost of labour at site where the work is to be executed plus the percentage to cover all the overheads & profit or as per CPWD schedule.
Market Rate means 135% of the load-weighted average of the hourly LMPs at the corresponding load zone, as determined for any delivery period.
Market Rate means prevailing Per Km rate for the Urban buses with similar quality and specifications anywhere in India.
Market Rate when used in this Agreement, unless the context otherwise requires, shall mean, at any given time, the rate conclusively determined (in the absence of manifest error) by a Party to be the market rate available to that Party in the Market at such time for the purchase of a specified Financial Instrument, with a second specified Financial Instrument for delivery on a specified date;
Market Rate is a floating rate equal to the Prime Rate as quoted in The Wall Street Journal and as adjusted from time to time but not to exceed 10% per annum.
Market Rate means the then prevailing market rate for a comparable term commencing on the first day of the Renewal Term for tenants of comparable size and creditworthiness for comparable space in the Building and other first class office buildings in the vicinity of the Building.